Piper Sandler Sticks to Its Buy Rating for Crescent Energy Company Class A (CRGY)
Piper Sandler analyst Mark Lear maintained a Buy rating on Crescent Energy Company Class A today and set a price target of $13.00.
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Lear covers the Energy sector, focusing on stocks such as EOG Resources, Coterra Energy, and Devon Energy. According to TipRanks, Lear has an average return of 3.4% and a 54.39% success rate on recommended stocks.
In addition to Piper Sandler, Crescent Energy Company Class A also received a Buy from Evercore ISI’s Stephen Richardson in a report issued on December 16. However, on December 12, Mizuho Securities maintained a Hold rating on Crescent Energy Company Class A (NYSE: CRGY).
Based on Crescent Energy Company Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $866.58 million and a GAAP net loss of $9.51 million. In comparison, last year the company earned a revenue of $744.87 million and had a GAAP net loss of $9.95 million
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